Is Blanchard, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blanchard is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Blanchard was a Buyer's Market.

Key Takeaway

Blanchard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Blanchard, LA

How much do homes in Blanchard, LA cost?

Median Sold Price

$239,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,000(+1.3%)

Key Takeaway

Homes in Blanchard have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Blanchard was $239,000 in October 2024, up 1.3% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $73.5K$135.5K
+84.4%
3 $224.9K$235.5K
+4.7%
4 $259.6K$253K
-2.6%
5+ -$286.2K
N/A

Summary: Blanchard housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 84.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes did not change.

Housing Supply in Blanchard, LA

How many homes are available in Blanchard, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2016-20.0%

Summary: The Blanchard real estate market had 16 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1614
-12.5%
4 42
-50.0%
5+ 00
0.0%

Summary: The Blanchard housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blanchard, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Blanchard in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Blanchard, LA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Blanchard, LA

Nearby Markets to Blanchard, LA